Kodiak Gas Services Announces $50 Million Share Repurchase from Frontier TopCo Partnership.

Kodiak Gas Services has announced a $50 million share repurchase from Frontier TopCo Partnership, an affiliate of EQT Infrastructure III and EQT Infrastructure IV. The repurchase was approved by Kodiak's board of directors and will reduce the selling stockholder's ownership below 35%. The transaction is expected to close on August 12, 2025, and approximately $65 million remains available for repurchase under Kodiak's share repurchase program.

Kodiak Gas Services, Inc. (NYSE: KGS), a leading provider of contract compression services in the United States, has announced the repurchase of $50 million of its common stock from Frontier TopCo Partnership, L.P. [1] This transaction, approved by the company's board of directors, will reduce the selling stockholder's ownership below 35%. The repurchase is expected to close on August 12, 2025, and will leave approximately $65 million available under Kodiak's share repurchase program.

Kodiak agreed to repurchase 1,508,750 shares of its common stock, with a purchase price of $33.14 per share, the closing price on August 11, 2025. The stock repurchase agreement includes customary representations and warranties. Following the repurchase, the Selling Stockholder's beneficial ownership in the Company will be less than 35%, triggering changes under the Stockholders’ Agreement, dated July 3, 2023.

The repurchase was conducted pursuant to Kodiak's existing share repurchase program. The company's President and Chief Executive Officer, Mickey McKee, stated, "Share repurchases are an integral part of our capital allocation policy and shareholder return framework. We're pleased to execute this transaction under our expanded repurchase authorization and will continue to evaluate share repurchases as a tool to increase shareholder value."

This announcement follows Kodiak's second-quarter 2025 financial results, which showed a 15.5% increase in adjusted EBITDA compared to the same period in 2024. The company also announced a $100 million increase to its share repurchase program, extending its expiration date to December 31, 2026. [2]

References:
[1] https://www.stocktitan.net/news/KGS/kodiak-gas-services-announces-50-million-share-xoiuwqdd0a8n.html
[2] https://www.businesswire.com/news/home/20250806092879/en/Kodiak-Gas-Services-Reports-Second-Quarter-2025-Financial-Results-Announces-%24100-Million-Increase-to-Share-Repurchase-Program-and-Provides-Updated-Full-Year-2025-Guidance